Global Set-top Box Market To Top $46bn By 2027

VALLEY COTTAGE, New York — The global set-top box market is anticipated to witness a robust growth during the assessment period 2017 – 2027. In a new report titled ‘Set-top Box Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017-2027),’ Future Market Insights studies the factors driving the adoption of set-top boxes across the globe. According to Future Market Insights’ analysis, the APEJ set-top box market is expected to witness a relatively high growth rate over the forecast period. 

Revenue from the set-top box market in APEJ and North America is estimated to collectively account for over 55.7% of the global set-top box market revenue in 2017. In North America, the increasing demand for 4K TV is expected to provide support to the growth of the set-top box market. In the APEJ region, due to the increasing penetration of television in both rural and urban areas, the set-top box market is set to receive a huge boost. Besides, a growing middle class and increasing disposable income in the APEJ region is also set to impact market revenue growth positively.

ott iptv set-top box

Segmental forecast of the global set-top box market

The global set-top box market is segmented on the basis of product type (Cable Set-Top Boxes, Satellite Set-Top Boxes, IPTV Set-Top Boxes and (Over the Top) OTT Set-top boxes) and by video quality (Standard-Definition Set-Top Boxes, High-Definition Set-Top Boxes).

Global Set-top Box Market Forecast 2017-2027

Future Market Insights predicts the global set-top box market to be valued at about US$ 22,269 Mn by the end of 2017 and will continue to grow at a CAGR of 7.5% during the period of study to reach a market valuation of about US$ 46,091 Mn by the end of the forecast period.

Competitive Landscape

The report profiles some of the top companies operating in the global set-top box market including Humax Co., Ltd., SDMC Technology Co.,Ltd.,Huawei Technologies Co., Ltd., Kaonmedia Co., Ltd., Technicolor SA ADB (Advanced Digital Broadcast), SA Sagemcom SAS Samsung Electronics Co. Ltd., ARRIS Group, Inc, EchoStar Corporation, Microsoft Corporation, STMicroelectronics, Texas Instrument and Broadcom among others.

Links: Future Market Insights